Paper chemicals are groupof chemicals that are utilized for paper manufacturing, or improve the characteristicsof paper. These chemicals can be used to change the paper in many ways, comprisingchanging its color and brightness, or by enhancing its strength and resistanceto water
Global Paper Chemicals Market Size was USD 18.67 billion in2013 and is projected to reach USD 20.41 billion by 2017 and is calculated toreach up to USD xx.xx billion in 2025. According to latest study conducted byour analysts and industry experts, the global market is expected to grow at aCAGR of XX.XX% during the forecast period, i.e. 2017-2025. Consistent growth inpackaging paper production is the significant factor anticipated to drive thegrowth of market. However declining production of graphic paper due to digitizationis hampering the market growth. On contrary, bio-refineries offering lucrative growthopportunities for paper chemical producers.
In order to staycompetitive, companies operating in the global paper chemicals market haveadopted numerous strategies such as product launch, business expansion,partnership, collaboration to strengthen their market shares and reinforcetheir geographical presence, globally. For instance, In May 2018, Solenis andBASF inked an agreement. The aim of the agreement is to create acustomer-focused specialty chemicals company. The combined company isanticipated to operate under the Solenis and will offer expanded offerings andcheap solutions for customers specifically in two specialty chemicals which arepaper technologies and industrial water technologies.
In addition, In July2014, Kemira acquired AkzoNobel’s paper chemicals business. This acquisition hasreinforced Kemira’s geographical presence, especially in the APAC region.
On the basis of form,the market is bifurcated into specialty chemicals, commodity chemicals. Thegrowth of the segment is majorly driven by the rising demand for specialtypaper in the packaging industry for packaging of food beverage products. Theincreased demands for durability and aesthetics of paper products have propelledpaper producers to develop specialty paper. This, in turn, is expected to drivethe specialty chemicals segment.
On the basis of type,the market is classified into process chemicals, pulp chemicals, and functionalchemicals. Pulp chemicals are anticipated to be the largest segment of thepaper chemicals market during the projected period. The growth of this segmentis significantly driven by increased demand for bleaching chemicals such aschlorine oxide, hydrogen peroxide, sodium bisulfite, and sodium chlorate.Oxygen and ozone are now being utilized as bleaching agents, which is expected topropel the segment during the analysis period. The capacity expansion by pulpproducers in Latin America and Asia-Pacific (APAC) is anticipated to drive thedemand for pulp chemicals.
Regional Analysis of Paper Chemicals Market
On the basis of regionthe paper chemicals market is analyzed across North America, Europe,Asia-Pacific (APAC), and LAMEA. AsiaPacific region is expected to grow at the considerable growth rate duringprojected period. Asia Pacific is one of the leading markets for paperchemicals, and is mainly driven by the shift of production sites from NorthAmerica and Europe in the region. China,India, and Japan are some of the major contributors to the pulp and paperproduction in the region. In addition, the significant growth of the packagingindustry in Asia-Pacific, owing to the rising per capita expenditure on foodand beverages and growing industrialization is anticipated to generate a demandfor paper-based packaging in the region. This, in turn, is expected to propel thepaper chemicals market in the region.
Key players operating in Paper Chemicals Market
Key players of global paperchemicals market are Kemira OYJ, Ecolab, BASF SE, Solenis, Akzo Nobel N.V., AshlandInc., Ashland Inc., Buckman Laboratories International, Inc., Archroma, and IVAXPaper Chemicals Ltd. The other playersin the value chain include Chemisphere Paper Technologies, KLK Kolb,Peroxychem, Axchem Group, Flourish Paper and Chemicals Ltd., Thermax Global,Papertex Speciality Chemicals Pvt. Ltd., and Shree Chlorates
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